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EU PolicyWatch

Database of national-level policy measures

Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure IT-2022-21/2351 Updated – measures in Italy

Subsidies for companies strongly affected by the Ukrainian crisis

Contributo imprese danneggiate dalla crisi ucraina

Country Italy , applies nationwide
Time period Temporary, 18 May 2022 – 31 December 2022
Context War in Ukraine
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Direct subsidies (full or partial)
Author Alessandro Smilari (Fondazione Giacomo Brodolini)
Measure added 19 May 2022 (updated 09 October 2022)

Background information

The Council of Ministers approved the new Aid Decree (Decree Law No. 50 of 17 May 2022 on 'Urgent measures on national energy policies, business productivity and investment attraction, as well as on social policies and the Ukrainian crisis'), the decree law that provides economic aid to companies and families to limit the consequences of the war in Ukraine on the Italian economy. Among them, it was considered important to provide monetary support to those companies that were strongly affected by the war.

Content of measure

€130 million has been provided for the provision of non-repayable grants to small and medium-sized enterprises that have suffered losses in turnover as a result of falling demand. The support is reserved for companies that meet these conditions

  • in the last two years they have carried out sales transactions of goods or services with Ukraine, the Russian Federation and Belarus amounting to at least 20% of the total turnover
  • in the last quarter prior to the entry into force of the "Aid Decree" they have incurred an increase in the average purchase cost of raw materials and semi-finished goods of at least 30% compared to the corresponding period of 2019
  • Have had a decrease in turnover of at least 30% compared to the same period of 2019

Companies will be able to apply for relief up to a maximum of €400,000 if special requirements are met.

Updates

The following updates to this measure have been made after it came into effect.

20 September 2022

In the conversion into law, the deadline for applying for financial support (31 December 2022) is defined. The guarantee is supported by the SACE fund, a joint-stock company controlled by the Ministry of Economy and Finance, which supports companies to strengthen their liquidity.

Use of measure

No data available.

Target groups

Workers Businesses Citizens
Does not apply to workers SMEs
Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Unknown Unknown
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: N/A

Involvement

No data available.

Views and reactions

No data available.

Sources

  • 03 May 2022: Nuovi contributi a fondo perduto per PMI: la novità per fronteggiare la crisi ucraina nel DL Aiuti (www.informazionefiscale.it)
  • 23 August 2022: SACE guarantees and non-repayable contributions to companies damaged by the conflict in Ukraine (www.fiscoetasse.com)

Citation

Eurofound (2022), Subsidies for companies strongly affected by the Ukrainian crisis, measure IT-2022-21/2351 (measures in Italy), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/IT-2022-21_2351.html

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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.